FATCA AND CRS

The Common Reporting Standard (CRS) is a global standard for the automatic exchange of financial account information between governments, developed by the Organisation for Economic Co-operation and Development (OECD).

Today’s managers have to think strategically about FATCA and CRS as the implementation global standard regulation to increase compliance inworkplace. Impact of Non-Compliance will be raise Regulatory penalties, Reputational damage and Restrictions on cross-border operations.